August 31, 2019 at 4:28 a.m.
Chamber 'Spotlight' event canceled
Business roundup
Chamber 'Spotlight' event canceled
Jay County Chamber of Commerce’s “Spotlight” event on WPGW radio has been canceled.
The broadcast, originally set for Sept. 19, is being shelved this year due to a staff shortage, chamber officials said.
Beef problem
Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef this week, Reuters reported.
The probe comes after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant, the news service said..
“Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. … At the same time, beef prices climbed as buyers for restaurants, food service companies and grocery chains scrambled for meat. Profit margins for the packers are above $400 per head of cattle slaughtered, up from around $150 before the fire and well above the previous record of $308,” Reuters said.
The Ag Department will be looking for evidence of price manipulation or collusion. Tyson, parent company of Tyson Mexican Original of Portland, said it will cooperate with the investigation.
Products expired
Dollar General, Dollar Tree and Family Dollar are being fined $1.2 million by the state of New York for selling expired products including over-the-counter drugs.
“New York consumers have a right to expect that products on store shelves are safe, fresh and suitable for their advertised use,” New York Attorney General Letitia James said in a press release.
“These settlements will ensure that Dollar General, Dollar Tree, and Family Dollar will not only pay both a substantial fine and damages, but, more importantly, update their business practices to comply with the law so that no expired over-the-counter drugs are sold to a New York consumer again,” James added.
Dollar General will pay $1.1 million in damages and penalties, while Dollar Tree and Family Dollar — which was acquired by Dollar Tree in 2015 — will pay $100,000.
New boss
Rob Lynch, formerly president of Arby’s, has been named the new chief executive officer of Papa John’s Pizza.
He replaces Steve Ritchie, who took over after the ouster of founder John Schnatter.
Schnatter was forced to resign after reports surfaced that he used a racial epithet during a conference call.
On the list
POET Biorefining has earned a spot on Fortune magazine’s “Change The World” list.
Fifty-two global companies on the annual list are recognized as organizations that are solving society’s most significant challenges.
POET was recognized for its biofuels production and its contribution to improving the environment, removing toxic chemicals, and leaving the world in a better place for future generations, according to a press release.
“Current research shows that air pollution kills more people each year than smoking — and no one is safe from its effects. Add to that the impending threat of climate change and the economic crisis facing rural America, and it’s clear that the work we’re doing at POET is more critical now than ever,” POET Chairman and CEO Jeff Broin said in a prepared statement. “Biofuels like ethanol are an affordable, readily available solution, and our high-protein co-products lower worldwide food prices. We need to get more clean biofuels and fewer toxic chemicals in the gas tank in order to preserve our planet for future generations.”
Transitioning
Ontario Systems, a Muncie-based provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management and government markets, has someone new at the helm.
The company announced this week that Jason Harrington, president of Ontario Systems, will succeed retiring co-founder and CEO Ron Fauquher to become the fourth CEO in the company’s nearly 39-year history.
Harrington is a native of Muncie and has been with the company for 22 years.
New venture
Walmart, the world’s largest retailer, is continuing to move into the primary care and mental health market.
The company has opened a new clinic in Dallas, Georgia, called Walmart Health.
The clinic is a test of the concept that people could get primary medical care at Walmart locations.
The broadcast, originally set for Sept. 19, is being shelved this year due to a staff shortage, chamber officials said.
Beef problem
Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef this week, Reuters reported.
The probe comes after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant, the news service said..
“Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. … At the same time, beef prices climbed as buyers for restaurants, food service companies and grocery chains scrambled for meat. Profit margins for the packers are above $400 per head of cattle slaughtered, up from around $150 before the fire and well above the previous record of $308,” Reuters said.
The Ag Department will be looking for evidence of price manipulation or collusion. Tyson, parent company of Tyson Mexican Original of Portland, said it will cooperate with the investigation.
Products expired
Dollar General, Dollar Tree and Family Dollar are being fined $1.2 million by the state of New York for selling expired products including over-the-counter drugs.
“New York consumers have a right to expect that products on store shelves are safe, fresh and suitable for their advertised use,” New York Attorney General Letitia James said in a press release.
“These settlements will ensure that Dollar General, Dollar Tree, and Family Dollar will not only pay both a substantial fine and damages, but, more importantly, update their business practices to comply with the law so that no expired over-the-counter drugs are sold to a New York consumer again,” James added.
Dollar General will pay $1.1 million in damages and penalties, while Dollar Tree and Family Dollar — which was acquired by Dollar Tree in 2015 — will pay $100,000.
New boss
Rob Lynch, formerly president of Arby’s, has been named the new chief executive officer of Papa John’s Pizza.
He replaces Steve Ritchie, who took over after the ouster of founder John Schnatter.
Schnatter was forced to resign after reports surfaced that he used a racial epithet during a conference call.
On the list
POET Biorefining has earned a spot on Fortune magazine’s “Change The World” list.
Fifty-two global companies on the annual list are recognized as organizations that are solving society’s most significant challenges.
POET was recognized for its biofuels production and its contribution to improving the environment, removing toxic chemicals, and leaving the world in a better place for future generations, according to a press release.
“Current research shows that air pollution kills more people each year than smoking — and no one is safe from its effects. Add to that the impending threat of climate change and the economic crisis facing rural America, and it’s clear that the work we’re doing at POET is more critical now than ever,” POET Chairman and CEO Jeff Broin said in a prepared statement. “Biofuels like ethanol are an affordable, readily available solution, and our high-protein co-products lower worldwide food prices. We need to get more clean biofuels and fewer toxic chemicals in the gas tank in order to preserve our planet for future generations.”
Transitioning
Ontario Systems, a Muncie-based provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management and government markets, has someone new at the helm.
The company announced this week that Jason Harrington, president of Ontario Systems, will succeed retiring co-founder and CEO Ron Fauquher to become the fourth CEO in the company’s nearly 39-year history.
Harrington is a native of Muncie and has been with the company for 22 years.
New venture
Walmart, the world’s largest retailer, is continuing to move into the primary care and mental health market.
The company has opened a new clinic in Dallas, Georgia, called Walmart Health.
The clinic is a test of the concept that people could get primary medical care at Walmart locations.
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